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i have never use any restrictions for certain times of the day when trading, thus i never came across this very strange behavior:
according to the MT4 programming manual the LocalTime() function as used in the Phoenix EA should return the local time of my computer.
it's now around 11:25AM. the wierd thing is that the function returns 18:20PM which is the time of the trading server (InterbankFX = GMT).
this would mean that LocalTime() <> "localtime", it's more likely "servertime"
presumably for GMT+0 I'll subtract 2 from each of the time settings, including the gamble time?
also, a final trade time of 20 means I can switch off the PC at 8pm and all trades placed would close automatically, right?
you are correct unless you have the same wierd setup as i do (see my post above)
I am confused by backtesting results. I see the tester chart open up with 3 indicators on it. the bulls power, the bears power the RVI and then I add the phoenix (firebird safe-as it displays on chart) and then...
I start looking for the patterns between when it has placed trades and these indicators using the settings just as they were released with no changes...
I see trades placed when the firebird safe indicator is inside the middle two lines AND out side the two lines.
By no means do I mean this as a disparagement. I am simply noting observations and saying I don't understand.
I don't see any rythm to pattern to the bears and bulls indicator levels that is uniform across the trades nor for the RVI or the firebird safe so I'm not sure how these are being used??
My initial impression of this given that I don't understand it is that it's very timing driven and very trend blind, taking short positions in uptrends and long positions in downtrends. If that is the essense of countertrend trading then that seems backwards to me..What I have to wonder however is that if something is indeed backwards and losing like my test report is...can it be reversed 180 degrees and win commensurately as badly as it lost?
I just don't know if this is coming or going at this point.
Feel free to enlighten me on what I'm missing.
what pairs work best and what time frames with what settings?
I want to know if there are any problem if I sell / buy for 24 hours , and do I have to put the indicator in the chart to make the EA work very well ?!
I mean , can I just but the EA and sleep
Hassan,
You don't need the indicator to make Phoenix work.
I am confused by backtesting results. I see the tester chart open up with 3 indicators on it. the bulls power, the bears power the RVI and then I add the phoenix (firebird safe-as it displays on chart) and then...
I start looking for the patterns between when it has placed trades and these indicators using the settings just as they were released with no changes...
I see trades placed when the firebird safe indicator is inside the middle two lines AND out side the two lines.
By no means do I mean this as a disparagement. I am simply noting observations and saying I don't understand.
I don't see any rythm to pattern to the bears and bulls indicator levels that is uniform across the trades nor for the RVI or the firebird safe so I'm not sure how these are being used??
My initial impression of this given that I don't understand it is that it's very timing driven and very trend blind, taking short positions in uptrends and long positions in downtrends. If that is the essense of countertrend trading then that seems backwards to me..What I have to wonder however is that if something is indeed backwards and losing like my test report is...can it be reversed 180 degrees and win commensurately as badly as it lost?
I just don't know if this is coming or going at this point.
Feel free to enlighten me on what I'm missing.
what pairs work best and what time frames with what settings?
Hi,
I never use backtesting. There are too many functions in this EA that backtesting can't handle. The only thing that's left is forward testing.
It's not that big of a deal (just cosmetics) but there is a difference in the bulls/bears power calculation between the EA and the Indicator.
the ea uses a 20 average period and the indicator 13.
Linear Mode
